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Investments (Tables)
 9 Months Ended
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments in short-term marketable debt securities
The fair value and amortized cost of investments in short-term marketable debt securities by major security type as of September 30, 2024 are as follows:

Amortized costGross unrealized gainsGross unrealized lossesFair value
Eurocommercial Papers$87,231,307 $1,840,793 $— $89,072,100 
Certificates of Deposit87,602,179 1,388,921 — 88,991,100 
Total$174,833,486$3,229,714$—$178,063,200
Of which classified within cash and cash equivalents59,212,123 582,677 — 59,794,800 
Of which classified within short-term marketable debt securities115,621,363 2,647,037 — 118,268,400 
Schedule of fair value changes of marketable securities
The following table presents the changes in fair values of the Company’s short-term marketable debt securities, classified as Level 2 financial assets, and recognized in accumulated other comprehensive income:

Beginning balance, January 1, 2024$2,720,854 
Other comprehensive income before reclassifications13,000,645 
Amounts reclassified from accumulated other comprehensive income(12,491,785)
Ending balance, September 30, 2024$3,229,714